How Ethereum came about

Ethereum was introduced to the world in January 2014. It is the brainchild of Vitalik Buterin, a Russian programmer who introduced this blockchain technology at The North American Bitcoin Conference in Miami, USA.

Vitalik introduced Ethereum not as a cryptocurrency but as a code that could do more than just trade. This code could execute smart contracts and Dapps independently without human intervention, a kind of robotic technology.

Dr. Gavin Wood later joined Vitalik’s team as a co-founder in July of the same area and together they set up the Ethereum Foundation. The Ethereum software was then developed further and was able to raise nearly $ 18 million as presale for Ether tokens.

The presale of Ether was conducted through a 42-day period, netting 31591 bitcoins. The total number of ether sold 60102216 ether. The amount of money gathered was used to pay debts as well as fund and finance the further development of Ethereum. Among all, you need to have a calculation regarding the right one. Choose wiser when you come up with the drastic information about it.

Specialty of Ethereum

The special quality of Ethereum is that it is not just used as a platform for its currency Ether but its high security also enables it to serve as an encrypted platform for transfer of contracts and Dapps. This quality set it apart from other alt-coins as well as Bitcoin. The applications of Ethereum are limitless, it only requires a programmer with the potential to bring it about to great use.

The Ethereum Frontier launch

The Ethereum Frontier network was set up on July 30th, 2015. Ethereum developers started framing smart contracts and Dapps or decentralized apps on Tehterum network. At the same time, Ether mining began. To learn about mining Ether, visit icopulse.com to combine your work with the other problems related to it.

The success and security that the Ethereum network provided were unexpectedly good and as a result, plenty of developers entered the field to develop solutions using the Ethereum’s secure blockchain.

Ether

Ether is the cryptocurrency used on the Ethereum network. The transactions, contracts, and apps developed on the Ethereum network and run using Ether. A total of about 18 million Ether can be mined every year at the rate of one blockchain being mined every 12-15 seconds. A miner is rewarded with 5 Ether for every blockchain he successfully mines. Ether can be mined using CPU and GPU Mining software.

Market Value and Capitalization

The market cap of Ethereum today is $10 billion. Even though this value is still a third of Bitcoin it has a good potential. The value of a single Ether today rests at about $126 which is an exponential increase since its launch.

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